U.S. Bancorp (NYSE:USB) Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in U.S. Bancorp (NYSE:USB) by 5.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 217,414 shares of the financial services provider’s stock after acquiring an additional 10,919 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in U.S. Bancorp were worth $10,399,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of U.S. Bancorp by 0.9% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,493,671 shares of the financial services provider’s stock valued at $167,102,000 after buying an additional 32,244 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of U.S. Bancorp by 289.4% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,864 shares of the financial services provider’s stock worth $233,000 after acquiring an additional 3,615 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of U.S. Bancorp during the fourth quarter worth $971,000. Encompass Wealth Advisors LLC raised its stake in shares of U.S. Bancorp by 9.9% in the fourth quarter. Encompass Wealth Advisors LLC now owns 5,148 shares of the financial services provider’s stock valued at $246,000 after acquiring an additional 462 shares in the last quarter. Finally, GHP Investment Advisors Inc. boosted its holdings in U.S. Bancorp by 2.7% in the fourth quarter. GHP Investment Advisors Inc. now owns 86,197 shares of the financial services provider’s stock valued at $4,123,000 after purchasing an additional 2,250 shares during the period. Hedge funds and other institutional investors own 77.60% of the company’s stock.

U.S. Bancorp Stock Performance

Shares of U.S. Bancorp stock opened at $47.22 on Friday. The firm’s fifty day simple moving average is $49.21 and its 200-day simple moving average is $47.42. U.S. Bancorp has a 12 month low of $37.81 and a 12 month high of $53.98. The stock has a market capitalization of $73.66 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 1.77 and a beta of 1.04. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.80.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Thursday, January 16th. The financial services provider reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. U.S. Bancorp had a net margin of 14.75% and a return on equity of 12.94%. The business had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $7 billion. During the same period in the prior year, the company earned $0.99 earnings per share. The business’s revenue was up 3.7% compared to the same quarter last year. As a group, equities analysts forecast that U.S. Bancorp will post 4.37 earnings per share for the current year.

U.S. Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.50 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 4.24%. U.S. Bancorp’s dividend payout ratio (DPR) is currently 52.77%.

Insider Activity

In related news, EVP James L. Chosy sold 21,451 shares of U.S. Bancorp stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $47.65, for a total value of $1,022,140.15. Following the transaction, the executive vice president now directly owns 198,127 shares in the company, valued at $9,440,751.55. This trade represents a 9.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Terrance R. Dolan sold 66,317 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $46.96, for a total transaction of $3,114,246.32. Following the transaction, the insider now owns 209,482 shares of the company’s stock, valued at approximately $9,837,274.72. The trade was a 24.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 219,812 shares of company stock valued at $10,385,665. Company insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

USB has been the topic of several recent research reports. Wells Fargo & Company upped their price target on U.S. Bancorp from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Deutsche Bank Aktiengesellschaft downgraded shares of U.S. Bancorp from a “buy” rating to a “hold” rating and set a $51.00 price target for the company. in a research note on Thursday, October 24th. Evercore ISI increased their price objective on shares of U.S. Bancorp from $51.00 to $54.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. DA Davidson raised shares of U.S. Bancorp from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $58.00 to $60.00 in a research report on Thursday, January 2nd. Finally, Citigroup raised U.S. Bancorp from a “neutral” rating to a “buy” rating and increased their target price for the company from $49.00 to $65.00 in a report on Monday, November 25th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, U.S. Bancorp has an average rating of “Moderate Buy” and an average price target of $54.21.

About U.S. Bancorp

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.